Overview
What is Peninsula Hawks Scholarship Fund?
The Peninsula Hawks Scholarship Fund is a nonprofit organization located in Gig Harbor, Washington. It annually awards scholarships exceeding $100,000 to graduates from Peninsula High School. These scholarships are designed to support various post-secondary education paths, ranging from vocational courses to university degrees. The scholarship fund operates a thrift shop, solely dedicated to raising funds for these awards. The purpose of the Peninsula Hawks Scholarship Fund is to empower local high school graduates in their educational pursuits, fostering personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating. The Peninsula Hawks Scholarship Fund has received a moderate rating, indicating that while it meets certain benchmarks for accountability and finance, there are areas for improvement that could enhance its overall effectiveness.
The organization scores well in several key areas, such as having a fully independent board with all members meeting the independence criteria and documenting board meeting minutes. Notably, the charity has a very low liabilities to assets ratio and a high program expense ratio, indicating that most of its funding goes directly to its scholarship programs rather than administrative expenses.
However, the overall Two-Star rating suggests that potential donors may want to consider the charity's performance more critically. The accountability and finance score of 71% implies there are aspects of financial management or transparency that could be better. As such, while the Peninsula Hawks Scholarship Fund shows potential in its mission and operational structure, it could benefit from addressing the underlying issues that impact its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Peninsula Hawks Scholarship Fund legitimate?
Peninsula Hawks Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peninsula Hawks Scholarship Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,335
For more financial information, click here
What is the mission statement of Peninsula Hawks Scholarship Fund?
The Peninsula Hawks Scholarship Fund's mission is centered around providing financial aid to graduates of Peninsula High School. Annually, they distribute over $100,000 in scholarships, which can be utilized for various post-secondary educational pursuits, ranging from vocational courses to university degrees. The funding is flexible and can support a wide array of academic majors. The organization generates funds for these scholarships through the operation of a thrift shop, ensuring that every penny raised directly contributes to educational opportunities for deserving students.
Who is the CEO of Peninsula Hawks Scholarship Fund?
Vicky Donahoe is the President of Peninsula Hawks Scholarship Fund.
What is the revenue of Peninsula Hawks Scholarship Fund?
Peninsula Hawks Scholarship Fund's revenue in 2022 was $534,080.
Who are the executives of Peninsula Hawks Scholarship Fund and what are their salaries?
The average compensation at Peninsula Hawks Scholarship Fund during 2022 was $6,381. There are 14 employees and 16 volunteers at Peninsula Hawks Scholarship Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Peninsula Hawks Scholarship Fund?
Peninsula Hawks Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peninsula Hawks Scholarship Fund
The Peninsula Hawks Scholarship Fund, as its name suggests, is a charitable organization that dedicates a significant portion of over $100,000 annually to supporting the educational aspirations of graduates from Peninsula High School in Gig Harbor, Washington. These awards are flexible, catering to various post-secondary education paths. Recipients can utilize these funds for short-term vocational training programs, full-fledged university education, or any major they choose, whether it be vocational or academic. This scholarship fund's primary purpose is to empower young individuals by providing them with the financial means to pursue their educational goals, thereby contributing to their personal growth and development.
In addition to offering financial aid, the Peninsula Hawks Scholarship Fund operates a thrift shop, exclusively for the purpose of generating funds to support its scholarship program. This thrift shop serves as another avenue through which the organization contributes to the community, by providing affordable second-hand items while simultaneously raising funds for its noble cause. By doing so, the Peninsula Hawks Scholarship Fund demonstrates its commitment to supporting the educational aspirations of its community's youth, while also promoting sustainability and recycling through its thrift shop operations.
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Impact
July, 2024
The Peninsula Hawks Scholarship Fund has a significant impact on the graduates of Peninsula High School in Gig Harbor, Washington. By providing over $100,000 per year in awards, the fund enables students to pursue various types of post-secondary education, ranging from short training programs to full-fledged universities. This support is instrumental in helping students achieve their educational goals, whether they choose a vocational or academic path. Additionally, the thrift shop operated by the fund generates funds exclusively for scholarships, ensuring a sustainable source of support for future graduates. Through its dedication to education, the Peninsula Hawks Scholarship Fund plays a crucial role in empowering students in the Gig Harbor community to pursue their dreams and build a brighter future.
This information is meant to be a general summary of Peninsula Hawks Scholarship Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,889
- Gross Receipts: $624,345
Assets and Liabilities:
- Total Assets: $1,031,213
- Total Liabilities: $1,489
- Net Assets: $1,029,724
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Organization Details
Founding Year
1986
Principal Officer
Vicky Donahoe
Main Address
14105 PURDY DRIVE NW, GIG HARBOR, WA, 98332
NTEE Category
Code: B82 - Education
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